XRP Whale Activity Drops 57% as Traders Eye Possible Correction
On-chain data cited by Ali Martinez shows XRP whale activity has fallen sharply. In the past 9 days, $1M+ token transfers dropped from 157 to 67, a 57.3% decline.
Traders read the reduced XRP whale activity as easing pressure from large holders, which can lower short-term volatility and encourage consolidation around recent levels. The latest note also adds that XRP reportedly retested about $1.31.
Despite this, the broader tone remains bearish. XRP is still below the 50-day and 200-day moving averages, and momentum indicators point to weakening buy pressure. Market focus is on whether XRP whale activity stabilizes and whether XRP can hold nearby support during the bearish tape. A failure to regain strength could open downside toward lower support zones, while stabilization could help set up a tighter range before a potential breakout.
Bearish
The news is bearish for XRP because XRP whale activity has dropped materially, which often aligns with weakening directional demand and can precede price corrections. Both summaries stress that, even if lower whale activity may reduce volatility and allow consolidation, XRP still trades below key moving averages and the prevailing market sentiment is turning bearish.
Short term: traders may watch for a “stabilization” phase where XRP consolidates, but a lack of renewed large-holder participation raises the risk of another leg down if support fails.
Long term: whale activity falling while broader tape stays cautious suggests rallies may face supply pressure until either whale volume re-accelerates or technical levels reclaim the 50-day/200-day trend backdrop.